SJC-WA - Notice of Book Closure

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 IN SJC AS CONSTITUTED BY THE DEED POLL DATED 28 SEPTEMBER 2021 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF SHARES UP TO 262,079,985 NEW ORDINARY SHARES IN SJC ("SJC SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 8 NOVEMBER 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE ")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 07 Nov 2022
2)  The last date of lodgment : 08 Nov 2022
 

Remarks 1:-

Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 08 Nov 2022  with adjustment to the number of outstanding SJC-WA shares, any shareholder who is entitled to receive SJC-WA additional shares may now sell any or all of his SJC-WA shares arising from adjustment consequent to the bonus issue beginning the Ex-Date (07 Nov 2022). 

For example, if Mr X purchases 100 SJC-WA shares on cum basis on 04 Nov 2022, Mr X should receive 100 shares on 08 Nov 2022 . Consequent to a bonus issue, an additional of 300 SJC-WA shares will be credited into Mr X's CDS account on the night of 08 Nov 2022 being the Book Closing Date. Therefore, Mr X can sell the a total of 400 SJC-WA shares on or after the Ex-Date ie from 07 Nov 2022 onwards.

Remarks 2:-

Following the Bonus Issue of Shares, the exercise price and the number of Outstanding Warrants shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments").

Additional new Warrants 2021/2026 arising from the Adjustments ("Additional Warrants") will be allotted and issued to the entitled holders of Outstanding Warrants of the Company, whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date.

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The actual number of Additional Warrants to be issued and allotted would depend on the number of outstanding Warrants which have yet to be exercised into new SJC Shares as at the Entitlement Date.

Pursuant to the Adjustments, the existing exercise price of Warrants of RM2.00 each will be revised to RM0.50 each.

The Additional Warrants will be listed and quoted simultaneously with Bonus Shares on the Main Market of Bursa Securities on 9 November 2022, being the next market day following the Entitlement Date. The notice to the holders of Outstanding Warrants setting out the details of the Adjustments as well as the notice of allotment of the Additional Warrants will be despatched in due course.

Holders of the Outstanding Warrants who wish to be entitled to the Bonus Shares shall exercise their rights to subscribe for new SJC Shares by lodging their duly completed exercise forms together with the exercise money with SJC's Share Registrar on or before 5.00 p.m. on 31 October 2022 in order to be entitled to the Bonus Issue of Shares.